European governments have announced massive increases in defense spending as they strive to reduce dependence on the United States and address the increased, long-term security threat posed by Russia. Earlier this year, the European Commission launched the ReArm Europe Plan/Readiness 2030, which aims to mobilize more than $850 billion to strengthen European defense capabilities. That momentum was reinforced at the NATO Summit in The Hague in June, where the allies agreed to raise defense-related spending to 5 percent of GDP by 2035 from 2 percent currently (and with many NATO countries currently below that target). While much of the focus has been on the defense industrial base, strategic deterrence, and operational readiness, this moment of European rearmament also offers a historic…more
Source www.justsecurity.org
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